1. #10471
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    Re: The Shining City Upon a Hill

    Todayís jobs report shows that the economy added 528,000 jobs in July.More people are working than at any point in American history. Thatís no accident, itís results.

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    Re: The Shining City Upon a Hill

    President Joe Biden hailed the July jobs report Friday showing that U.S. employers added an astonishing 528,000 jobs last month despite flashing warning signs of an economic downturn. Biden called it "the fastest job growth in history." (Aug. 5)

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    Re: The Shining City Upon a Hill

    Senate Democrats' massive bill to address climate change, taxes, health care and inflation will move forward in the Senate on Saturday afternoon, Majority Leader Chuck Schumer announced Thursday.


    Democrats are trying to pass the bill under a budget process known as reconciliation, which allows Democrats to pass the legislation without the threat of a Republican filibuster. All 50 Democratic senators will need to vote for the bill in order for it to pass, with a tie-breaking vote from Vice President Kamala Harris.


    A tax loophole made fund managers rich. Closing it may help pay for the climate bill
    POLITICS
    A tax loophole made fund managers rich. Closing it may help pay for the climate bill
    The vote Saturday afternoon would be a procedural one to begin debate. Up to 20 hours of debate can take place, split evenly between the two parties. It's likely that the full 20 hours will not be needed, as Democrats are expected to yield back a majority of their time.


    Then, a process known as "vote-a-rama" begins, which means senators can introduce unlimited amendments to the legislation. There could also be a call for the entire 725-page bill to be read aloud.

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    Re: The Shining City Upon a Hill



    President Biden racked up win after win this week, while Republicans were pushing abortion bans, Social Security cuts, election denial, and watching their midterm prospects begin to fade.

  5. #10475
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    Re: The Shining City Upon a Hill

    How the climate bill could save you money on electricity, cars and appliances

    Democrats' new party-line tax and clean energy bill is a big deal for climate and energy savings. With nearly $370 billion for energy programs and tax incentives, it represents the largest climate investment in US history.

    In addition to the US emissions reductions these will bring, there's a lot in the bill that could change both how Americans power their homes and what kinds of vehicles they drive.
    The bill contains a bevy of tax incentives aimed at pushing consumers, developers, small businesses and others towards clean energy and more efficient energy usage -- helping bring down the cost of buying electric vehicles, heat pumps, water heaters, rooftop solar panels and more.

    These measures would be more comprehensive than existing weatherization programs, and several would be available to all households, not just low-income ones," said Mark Wolfe, executive director of the National Energy Assistance Directors Association.

    Clean electricity nonprofit Rewiring America recently estimated a US household would save $1,800 per year if they installed electric heat pumps to heat their water and heat and cool their air, replaced a gas car with an EV, and installed solar.

    The tax credits work in another way to bring down costs: incentivizing cheaper clean electricity powered by renewables.

    "There are people who are really on the front lines of the inflation crisis and how expensive fossil fuels are because of Putin's invasion of Ukraine, and this bill will be delivering big energy savings for those people," Leah Stokes, a senior policy advisor at Evergreen and associate professor of political science at the University of California, Santa Barbara, told reporters recently.

    Here are the main pieces of the bill that help consumers save money.

    Savings on buying an electric vehicle: The bill extends the current $7,500 tax credit for a new vehicle, as well as a $4,000 tax credit off a used EV. It also gets rid of the current cap that cuts automakers off tax credits after they've sold 200,000 EVs, and it is written so buyers can get an immediate discount at the dealership, instead of waiting weeks or months for their tax credit to come through.

    Still, there's a significant caveat: Automakers and consumers likely won't be able to take advantage of this tax credit over the next few years. At the insistence of Democratic Sen. Joe Manchin, the tax credit was written in a way so that automakers are forced to move their EV supply chains away from China and to the US and countries where the US has free trade agreements. Vehicles must be built in North America, and EV batteries must also not come from countries like China.

    As a result, US automakers likely won't be able to offer the credit in the next few years as they try to build up their domestic supply chains, Democratic Sen. Debbie Stabenow of Michigan said.

    The tax credit is also limited to trucks, vans and SUVs under $80,000, and other vehicles under $55,000, and has an income threshold for consumers.

    Help installing more efficient air conditioning and heating equipment: The bill would provide Americans with tax credits to cover 30% of the costs of installing highly efficient ACs, water heaters, furnaces and other cooling and heating equipment.

    Households would be able to receive up to $600 for each piece of equipment, up to $1,200 total per year. There would also be a special credit of up to $2,000 for electric heat pumps. And credits could be used to upgrade breaker boxes, if needed, to handle additional electric load.
    This measure replaces a similar tax credit that expired at the end of last year and came with a lifetime cap of $500.

    Aid for low- and moderate-income Americans to purchase electric appliances: The legislation calls for providing low- and moderate-income households with rebates of up to $14,000 to buy electric appliances.

    The rebates could cover between half and all the typical $14,000 cost of installing an electric heat pump, as well as much of the cost of electric water heaters, stoves and ovens and clothes dryers, as well as upgrading the home's breaker boxes and electric wiring. The legislation sets aside $4.5 billion over 10 years for this provision.

    To alleviate concerns that low-income households would have to pay for the items up front, rebates could be provided at the point of sale or contractors could claim them, for example. It would depend on how state energy offices, which would administer the rebates, would set up their programs.


    Rebates for retrofitting homes: Households could receive rebates of up to $4,000 to install energy-saving measures throughout their homes, under the bill. Low- and moderate-income Americans could receive up to $8,000. The rebate amount would depend on the estimated savings that would be achieved. The legislation would provide a total of $4.3 billion in funding over 10 years.

    Tax credits to reduce energy leakage: Americans could receive tax credits to cover 30% of the costs of home improvements that reduce energy leakage, such as updated windows, doors, insulation and other weatherization measures, under the bill. They could get a credit of up to $600 per improvement and a total of $1,200 per year. Plus, they could receive a $150 credit to have a home energy audit conducted. The credit would be expanded so families could use it multiple times to make upgrades over time.

    Boosting efficiency in HUD housing: The bill would provide $1 billion in grants and loans to affordable housing units administered by the Department of Housing and Urban Development to increase energy or water efficiency, improve indoor air quality, make clean energy or electrification upgrades or address climate resilience needs. The improvements could include insulation, HVAC upgrades, flood-proofing, storm resistance, water-saving changes and the installation of solar or other renewable energy systems.

    ... the average American should be pretty excited about this Act. It is going to both reduce energy costs and create a lot of new good quality jobs plus create a lot of domestic manufacturing activity. If you like working in the trades, the opportunities would be endless.

    ... this Act passing here and now is in some part spurred on by the the war in Ukraine and the desire of the USA to reduce the impact of Russian oil increasing energy prices at home and around the world.


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    Re: The Shining City Upon a Hill

    The Senate voted along party lines Saturday afternoon to advance a sweeping bill to reform the tax code, tackle climate change and lower the cost of prescription drugs, taking a big step closer to giving President Biden a major victory before the November midterm elections.


    The Senate voted 51 to 50 to proceed to the 755-page bill, after Vice President Kamala Harris arrived at the Capitol to cast the tie-breaking vote.

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    IT Manager 10,000+ Posts bsm2's Avatar
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    Re: The Shining City Upon a Hill

    The Senate passed a bill over full G.O.P. opposition to fight climate change, cut drug costs and raise taxes, in a major win for Democrats.

    Apparently only one party wants to work for the American People

  8. #10478
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    Re: The Shining City Upon a Hill

    Quote Originally Posted by bsm2 View Post
    The Senate passed a bill over full G.O.P. opposition to fight climate change, cut drug costs and raise taxes, in a major win for Democrats.

    Apparently only one party wants to work for the American People
    ... sad that even the most open minded Republican Senators voted against this bill.

    When drug costs start getting reduced, especially insulin, they will all be taking credit.

    The Bill now has to be approved by the Democratically controlled Congress by around Aug 15th where even a few people can kill this historic legislation.

    .. The Inflation Act of 2022 will be a great positive talking point for Democrats seeking reelection coming into the mid term elections when all that the Republicans have to sell is fear and taking away constitutional abortion rights.

    The recent Kansas election referendum on abortion clearly demonstrated that many people are motivated to vote Republicans out of office over this single issue.

  9. #10479
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    Re: The Shining City Upon a Hill

    ... right on queue from the Republicans

    Republicans say Democrats will ‘pay the price’ in midterms for passing massive spending bill

    ... threats!

    Republicans say the Inflation Reduction Act will only make inflation worse


    Republicans on Sunday heaped scorn on Democrats for passing a multibillion-dollar economic package, warning that it would come back to haunt them in the November midterms.
    "Democrats will pay the price in November for raising taxes on families during a recession," Republican National Committee (RNC) Chairwoman Ronna McDaniel said in a statement.

    Her statement reflects criticism among Republicans that the Inflation Reduction Act will do the opposite of its intended purpose.

    In a statement, Sen. Ted Cruz, R-Texas, likened the bill to a "give-away to the Democrats’ radical leftist base at the expense of middle-class Americans."

    "The Schumer-Manchin bill will drive up inflation and prices, hammer small businesses and American manufacturing, increase the price of gas, and sic the IRS on Americans, all while raising taxes on Americans in nearly every tax bracket including those who make less than $400,000 a year," Cruz said in a statement.

    Sen. John Kennedy, R-La., called raising taxes during both a recession and inflation "a special kind of stupid."

    "[T]hat’s called stagflation, which is what we have right now as a result of President Biden’s policies," Kennedy tweeted.

    Sen. Marsha Blackburn, R-Tenn., likewise admonished Democrats for passing a bill during a recession and when inflation is at a 41-year-high.

    ... no new ideas from the Republicans only spreading more fear and criticism. They are going to look pretty stupid if the Inflation act works!

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    Re: The Shining City Upon a Hill

    Quote Originally Posted by SalesServiceGuy View Post
    ... right on queue from the Republicans

    Republicans say Democrats will ‘pay the price’ in midterms for passing massive spending bill

    ... threats!

    Republicans say the Inflation Reduction Act will only make inflation worse


    Republicans on Sunday heaped scorn on Democrats for passing a multibillion-dollar economic package, warning that it would come back to haunt them in the November midterms.
    "Democrats will pay the price in November for raising taxes on families during a recession," Republican National Committee (RNC) Chairwoman Ronna McDaniel said in a statement.

    Her statement reflects criticism among Republicans that the Inflation Reduction Act will do the opposite of its intended purpose.

    In a statement, Sen. Ted Cruz, R-Texas, likened the bill to a "give-away to the Democrats’ radical leftist base at the expense of middle-class Americans."

    "The Schumer-Manchin bill will drive up inflation and prices, hammer small businesses and American manufacturing, increase the price of gas, and sic the IRS on Americans, all while raising taxes on Americans in nearly every tax bracket including those who make less than $400,000 a year," Cruz said in a statement.

    Sen. John Kennedy, R-La., called raising taxes during both a recession and inflation "a special kind of stupid."

    "[T]hat’s called stagflation, which is what we have right now as a result of President Biden’s policies," Kennedy tweeted.

    Sen. Marsha Blackburn, R-Tenn., likewise admonished Democrats for passing a bill during a recession and when inflation is at a 41-year-high.

    ... no new ideas from the Republicans only spreading more fear and criticism. They are going to look pretty stupid if the Inflation act works!
    Vote them out only one party is helping the American people

    Republicans

    Voted against fixing roads and Bridges
    Voted against Covid19 rescue bill
    Voted against lower drugs prices
    Voted against healthcare
    Voted against lower deficits
    Voted against the American worker
    Voted against Veteran's healthcare for a political reasons

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